Jeil Bio Decides to Dispose of 1,707,150 Treasury Shares

Jeil Bio announced on June 11 that it has decided to dispose of 1,707,150 common shares through an over-the-counter transaction.

The company explained that the purpose of the disposal is to secure funds for restricted stock award (RSA) grants to motivate employees and executives, as well as for shareholder returns. To this end, it has decided to sell its treasury shares.